Tesla plans two billion dollar investment in xAI after reporting fourth quarter results
Tesla will invest two billion dollars in xAI while reporting quarterly earnings that exceeded expectations. The company also reaffirmed its production timelines.
洞察:
Tesla, Inc. announced on Wednesday that it will invest $2 billion in xAI, the artificial intelligence company owned by CEO Elon Musk elon musk. The announcement coincided with the release of fourth-quarter financial results that exceeded Wall Street expectations for both revenue and earnings. Alongside the capital commitment, the automaker reiterated that production plans for its purpose-built Cybercab robotaxi and Semi trucks remain on track for this year.
The company reported revenue of $24.9 billion for the three months ended December 31, surpassing the average analyst estimate of $24.79 billion according to LSEG data. Adjusted earnings per share reached $0.50, topping the $0.45 target set by analysts. Furthermore, the automotive gross margin excluding regulatory credits came in at 17.9%, significantly higher than the 14.3% anticipated by Visible Alpha. Tesla, Inc.also saw a record performance in its energy generation and storage business, with deployments rising approximately 29% to a record 14.2 gigawatt-hours during the fourth quarter.
